Those who find “xrp goes down, btc goes up” not a coincidence, explain why when numeroues times bitcoin was announced to be a bubble and many times it was considered dead, altcoins does not go up? Coincidence right?
Before SEC claims, Ripples daily trading volume was around 20 billions us dollars. Now it is only 10. If what in topic name is not a coincidence, then these 10 billions mush have been added to Bitcoin volume. But Bitcoins volume om reased from 400 billions to 600. Ripple has not enough strenght to influence on Bitcoins price.
Topic: XRP dumped and BTC goes up, coincidence ? (Read 956 times)
I agree with you. Here influenced each other, But nowadays, Both of the coins are growing up their value from their own position. For example, In the last few months ago Ripple (XRP) had consistently grown up its value and on the other hand, the BTC is in the same way increased. So, I don't think they are influencing each other negatively.
Altcoins move almost in sync with BTC. If the BTC price rises, the altcoins price will also (tends to) go up.
However, XRP's price will swing wider than BTC, so when BTC goes down a little, XRP will go down more.
Ripple's network leaders are in big trouble right now. The SEC filed a lawsuit against Ripple and its top executives on December 22 for over $ 1.3 billion in unregistered securities transactions and the sale of $ 800 million worth of ripple cryptocurrency without proper registration to users. This charge is very serious and should result in billions of dollars in fines. XRP's reputation has been severely shaken. Therefore, the price of this coin has dropped to $ 0.22 today. These events have nothing to do with the rise or fall in the price of bitcoin. However, XRP's price will swing wider than BTC, so when BTC goes down a little, XRP will go down more.
Even the XRP price is down, some traders still make a profit from the situation. They know how to use this moment to take benefits from XRP. I guess XRP needs to clear the problem first because some exchanges already stop to trade XRP. I wonder what will happen to XRP because I think many investors of XRP still have a hope to see this coin increase in the next altcoin season. I think this fall is not predicting before, and when it's happening, many people shocked to see that.
I do not think so. As a result, BTC is the first crypto currency and does not need other cryptocurrencies. It has proven itself extremely well and we can see this very well in its current situation. If there were the same situations on BTC then I could defend your thesis, but unfortunately I do not agree with your opinion.
In fact XRP has a bad fundamental, there are some case which accused by SEC to Ripple and I'm sure that is why XRP dump heavily. As you can see on the chart, a month a go XRP has been able to reach $0.8 from the bull run market but it is just for a while. Because it is need just two week for the price fall to $0.2. There is no way to compete bitcoin pricr movement in this bull run market. Almost altcoin dump when bitcoin price up and also almost altcoin dump when bitcoin dump. It is not profitable when we choose trade or investing in altcoin at the current situation. 
I have a theory, that some coins influence BTC price negatively,
In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again
So, are we going to draw those conclusions with every event which happens at the same time? In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again
No, thats not how correlation works. XRP and BTC markets are related and effect each other, but that effect is not as big as you've imagined.
Perhaps, both of them represent some sort of global economy turn and one single event effects them in two different directions.
Coinbase suspending XRP trading isn't good news for holders:
https://cointelegraph.com/news/coinbase-announces-it-will-suspend-xrp-trading-as-price-drops-another-10
https://cointelegraph.com/news/coinbase-announces-it-will-suspend-xrp-trading-as-price-drops-another-10
This is not a coincidence, XRP is dumping based on the current lawsuit they are facing and BTC has done correction for complete 3 years, every eye is on it to move northward, and we are just getting started.
we all know that Ripple has as many holders as Ethereum, because they have a high market cap, just imagine if the holders choose to leave and their money puts it in bitcoin then the demand from bitcon will increase, and this is definitely not a coincidence, I am aiming at this.
This contradiction probably shouldn't come as a surprise that XRP is at a disadvantage with bad news, while Bitcoin is constantly rising and it does not depend on any Altcoins, Bitcoin is the decisive currency price.
This incident simply because of the ongoing issue with SEC and not because of bitcoin pump. Most of the time XRP also followed the trend when bitcoin start gaining support.
Downfall still continuing and by this moment it suffer a lot, without any action about SEC issue XRP may experienced more dump to come.
It's about the trust sad to those who invest and keep their coin instead of selling it after the flare airdrop.
This contradiction probably shouldn't come as a surprise that XRP is at a disadvantage with bad news, while Bitcoin is constantly rising and it does not depend on any Altcoins, Bitcoin is the decisive currency price.
Whole of market are still in the bullish trend and it looks like another exchange site will be delisting ripple from its platform. the price is getting plunged so hard again. Bitcoin is not being affected by altcoin especially for the movement of its price. Otherwise, bitcoin has a very strong impact on the altcoin. More bad news will always come for ripple for sure. The battle with SEC is about to be started very soon.
now the btc and altcoin markets are moving independently.
So I don't think altcoins will or will not be too affected by BTC prices.
yes indeed in the past few months BTC has experienced a very high increase, but that does not mean that altcoins will not be able to go up, it seems just waiting for the time.
because they are moving respectively now.
So I don't think altcoins will or will not be too affected by BTC prices.
yes indeed in the past few months BTC has experienced a very high increase, but that does not mean that altcoins will not be able to go up, it seems just waiting for the time.
because they are moving respectively now.
From what I have seen, the Bitcoin prices have remained stable at $22,500-$23,500 range. Whatever happening with XRP is having very minimal impact on the Bitcoin exchange rates. And I have also noticed an increase in the USDT/USDC trade volumes recently. This means that even if there is mass dumping of XRP, the sellers are mostly doing it against stablecoins rather than selling their holdings for BTC/ETH.
Many XRP holders panic about this issue, but you don't worry that this won't affect BTC, because BTC runs on its own without altcoin support.However, I would prefer this issue to arise now than later when the bull market is at its peak, as it will be very painful for investors. so at least now investors can move to other coins such as BTC or ETH which have trusted liquidity.
Actually, we are seeing that bitcoin is in the green position, while XRP is still in red.
Which translates that, indeed btc is not affected by what is happening with XRP right now.
I am a user of XRP also as they offer cheap fees for transfer, and participated in spark token airdrop.
But I sold my XRP just before this lawsuit broke out, which, I guess for me is a very lucky one.
I really have no inclination of holding this for long-term because it is a centralized one, and anything can happen at anytime to this type of coin.
I believe, we will learn a thing or two from this XRP's situation. If this will fall below 20 cents in the coming days, this will be very bad to the xrp market.
From what I have seen, the Bitcoin prices have remained stable at $22,500-$23,500 range. Whatever happening with XRP is having very minimal impact on the Bitcoin exchange rates. And I have also noticed an increase in the USDT/USDC trade volumes recently. This means that even if there is mass dumping of XRP, the sellers are mostly doing it against stablecoins rather than selling their holdings for BTC/ETH.
Many XRP holders panic about this issue, but you don't worry that this won't affect BTC, because BTC runs on its own without altcoin support.However, I would prefer this issue to arise now than later when the bull market is at its peak, as it will be very painful for investors. so at least now investors can move to other coins such as BTC or ETH which have trusted liquidity.
btc price going up after xrp dump, can anyone deny it ?
Bitcoin prices are going up, but that has nothing to do with the XRP dump. Bitcoin prices were going up even before the announcement regarding XRP came from the SEC. There may be some impact due to XRP holders converting their tokens to BTC, but the main driver is not Ripple dumping. As far as I can see, most of the XRP trade volumes are against USDT, with BTC being a distant second.
Maybe this is a coincidence, because there are too many xrp holders, almost millions of xrp are selling on the market and,
of course this makes the price of xrp dump and maybe the holders choose bitcoin to be the next place, that's the reason maybe.
of course this makes the price of xrp dump and maybe the holders choose bitcoin to be the next place, that's the reason maybe.
btc price going up after xrp dump, can anyone deny it ?
investors who buy XRP are likely only for an airdrop because they hold XRP for too long to dump, and switch to BTC
That was some of the reasons behind XRP dumping but the most that's affecting the Ripple price currently is the issue they had with the SEC. This has badly affected the price of Ripple as at today, according to some news outlets, some big exchanges has started the delisting of this coin from exchnage which made it to dropped from $0.6 to $0.2 as at this moment, though within 24hrs it has regained some good percentage 12%.
From what I have seen, the Bitcoin prices have remained stable at $22,500-$23,500 range. Whatever happening with XRP is having very minimal impact on the Bitcoin exchange rates. And I have also noticed an increase in the USDT/USDC trade volumes recently. This means that even if there is mass dumping of XRP, the sellers are mostly doing it against stablecoins rather than selling their holdings for BTC/ETH.
I have a theory, that some coins influence BTC price negatively,
In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again
In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again
Have you forgotten that the market is unpredictable dude? also when Bitcoin goes up most of the altcoins dump their price value
in the market as well, only few of the altcoins follows the trend of bitcoin price like Ethereum, and more this was happened a couple of years
now in this field of business.
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